Asset Manager’s Risk Report – What should it contain?
What are the key points of a risk report for an asset management company’s board of directors? The exact scope and depth of the report is of course very specific to each company: depending on the products/services provided, the markets/clients served as well as the regulatory regime. However, they are generic “must-have” key elements […]
FINMA Risk Monitor 2022 – Top 4 Cyber Risks controls
On 10.11.2022, FINMA published its 2022 Risk Monitor. It provides an overview of what FINMA believes are the most important risks that supervised institutions are facing today. One of the key risks, amongst interest rate risk, credit risk, market risk, AML, and market access to Europe, are Cyber Risks. We would like to share with […]
Olympic Games, Euro football, Tour de France: 8 risks to avoid !
Sport is a source of popular enthusiasm, but it can also fuel media debates, be a source of political tension or be at the center of important financial stakes. In this context, because of their activity and their internal organization, sports associations form a separate sector of activity, particularly in the context of risk management, […]
5 risks related to employee departures: How to protect yourself?
Employee departures are sometimes complicated to manage and hinder the smooth running of the company. What are the risks linked to these departures? What measures can be taken to anticipate them? How to ensure a good transition? 1 | Break in continuity When an employee leaves, there is a risk that their activities will […]
Internal Control: 5 lessons learned from practical cases
A legal obligation for most public institutions, internal control can be transformed into real added value if it is well executed. With more than 20 years of customer experience, Optimiso Group reveals 5 key benefits of internal control based on practical cases. 1 – Internal control is a unifying and motivating project Internal […]
Internal control, 7 controls done without knowing it
Imagine a company in which there are no controls at all. It’s hard to believe… Nevertheless, employees who have to set up an internal control system often have the feeling that they are starting from a blank page. And yet, as a general rule, almost 90% of the controls already exist. The implementation of internal […]
ISAE 3402, a recognition that gives assurance
Do you know what Microsoft, Google, Swisscom or BNP Paribas have in common ? They have all obtained ISAE 3402 recognition. This recognition is far from being reserved for large companies. Indeed, it is aimed at all service providers – insurance, provident society, real estate investment, fiduciary, IT services, etc. – who must provide their […]
What is the difference between internal control and management control ?
It is not always easy to understand the difference between internal control and management control. However, they are two complementary functions for the good management of companies. Beyond a simple reminder of the definitions, it is important to make a concrete distinction between their respective activities within the company. For example, internal control makes little […]
QSE software in SaaS: 20 criteria for a comparison
More and more companies are acquiring dedicated Quality Safety Environment software. Their functionalities allow to rationalize and optimize QSE or QHSE (Quality, Health, Safety, Environment) practices. The choice is not to be taken lightly since this investment, if made wisely, can save time, money and serenity. With a complete QSE software, a single action, such […]
10 steps to effective internal control
Is your business well protected against errors and fraud? Check it out using the 10 essential steps of internal control. The internal control system is a central element in reducing the risk of error or fraud. However, it is not always easy for a company to find its way around recommendations such as those of […]